Mazagon Dock Shipbuilders, which is a Navratna public sector company and one of the industry leaders of defense shipbuilding in India, will announce its second interim dividend for the financial year 2024-25 today. These are the main points:
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Board Meeting: The board of directors of the company will on April 8, 2025, deliberate and approve the second interim dividend for the current financial year.
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Financial Performance: Mazagon Dock Shipbuilders has reported healthy financial growth with a year-on-year increase in revenue by 33% during Q3 FY25 at Rs 3,143.62 crore. Net profit of the company grew 30% at Rs 768.22 crore during the period.
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Order Book: As of Q2 FY25, the company's order book was Rs 39,872 crore, with 37 vessels to be delivered. This healthy order book positions the company favourably for growth in the future.
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Share Price Performance: Albeit recent volatility, Mazagon Dock's stock has risen by a whopping 164% over the last one year. Nonetheless, the stock has struggled since a government-initiated offer for sale (OFS), as the share price has fallen below the OFS floor price.
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Dividend History: The firm enjoys a sound dividend payment history, paying an aggregate equity dividend of Rs 35.30 per share during the last year.
Source: Business Standard, Goodreturns, MoneyControl.